5/31/2006

Last day of the month and it was all window dressing rally. It wasn't the fomc minutes, which was nothing new which stated the fed will wait for further econo data before progressing forward. But, I'll take it anyway the market will give it to me, however, I won't believe it until it moves up further and form some type of base. I would like to see the rally follow through to tomorrow and Friday's job number, then I'll be a buyer on some beaten techs such as aapl and sndk. Until then, I'll continue to unload when I'm in the money on my current positions.

Longs Cost Unrealized g/l:

expe 14.99 -.80
mrvl 50.7 -3.2
rimm 68.7 -4
vlo 60.25 +1.10
sun 68.90 -0.40
adsk 37.33 -1

5/30/2006

I was afraid of today's movement, which wiped out all the gains from last week. Shocked how far the market retraced after the long holiday because today should have been a slow and unchanged day. So this tells me the fear is still out there and last week's pause was for a few to get out. If the weakness continues then it will be 5 straight down week. But, there are several market moving data coming out( pmi on Wed and the job number on Friday)to move the market this week. Today, I sold all my ebay for +2, just to lock in my gains in this volatile market. Will continue to get out when the market rally and only buy to average down, this will be my mantra until next week.

Longs Cost Unrealized g/l:

expe 14.99 -1
mrvl 50.7 -4
rimm 68.7 -4
vlo 60.25 +.2
sun 68.90 -2.1
adsk 37.33 -1

5/26/2006

Decent week for myself and the market going into the long weekend. Finally, an up week after 3 straight week of decline, but I'm still cautious going forward. Since Tuesday, I've been unloading my profitable positions, however, only half my position because I just don't know how far this rally might run. I'm guessing probably until the end of month for window dressing. Today sold joyg for +2.6/share, ebay for +3/share, and vlo for +1/share. My techs and the naz continues to lag the market and is down deep. When they do rally I'm out of here, because summer is the slowest quarter for the techs.

Longs Cost Unrealized g/l:
ebay 31.30 +3
expe 14.99 -1
mrvl 50.7 -1
rimm 68.7 -4
vlo 60.25 +1.2
sun 68.90 -0.50
adsk 37.33 -0.10

5/26/2006

Decent week for myself and the market going into the long weekend. Finally, an up week after 3 straight week of decline, but I'm still cautious going forward. Since Tuesday, I've been unloading my profitable positions, however, only half my position because I just don't know how far this rally might run. I'm guessing probably until the end of month for window dressing. Today sold joyg for +2.6/share, ebay for +3/share, and vlo for +1/share. My techs and the naz continues to lag the market and is down deep. When they do rally I'm out of here, because summer is the slowest quarter for the techs.

Longs Cost Unrealized g/l:
ebay 31.30 +3
expe 14.99 -1
mrvl 50.7 -1
rimm 68.7 -4
vlo 60.25 +1.2
sun 68.90 -0.50
adsk 37.33 -0.10

5/26/2006

Decent week for myself and the market going into the long weekend. Finally, an up week after 3 straight week of decline, but I'm still cautious going forward. Since Tuesday, I've been unloading my profitable positions, however, only half my position because I just don't know how far this rally might run. I'm guessing probably until the end of month for window dressing. Today sold joyg for +2.6/share, ebay for +3/share, and vlo for +1/share. My techs and the naz continues to lag the market and is down deep. When they do rally I'm out of here, because summer is the slowest quarter for the techs.

Longs Cost Unrealized g/l:
ebay 31.30 +3
expe 14.99 -1
mrvl 50.7 -1
rimm 68.7 -4
vlo 60.25 +1.2
sun 68.90 -0.50
adsk 37.33 -0.10

5/23/2006

It started out great, but ended weak and I just don't like how the last 30 minute just pulled all the index into the red. I kind of expected a pullback after the morning run up because there weren't any data or news to support the runup. However, tomorrow should be a better day to watch and see has the market reached bottom yet. Today, I've sold tso after their upgrade for a +2.80/share and bought more of adsk to average down to 37.33. I'll continue to unload my longs when the market bounces and rally here and there. Overall, I'm starting to sense this market will not move and test higher high yet, but will bounce a bit so everyone can get out for a small gain. My strategy from now to the mid summer is to sell on the rally and average down on my loses so I can get out .

Longs Cost Unrealized g/l:

ebay 31.30 -1.30
expe 14.99 -1.75
mrvl 50.7 +1.3
rimm 69.90 -4.25
vlo 60.25 -0.60
sun 68.90 -2
adsk 37.33 -1.25
joyg 50.60 +3

5/22/2006

Well fear is still in the house and we did try to expel it near the end, but it was just too strong and not enough buyers. To me the naz is over sold, while the s&p500 and dow is just at neutral even after all the down turn from last week. This is what worries me, because as the dow/s&p continues to move toward the over sold level, it will drag the naz even further into over over sold levels. Without any data until Wed (durable goods), Thurs (gdp), and Fri(sentiment,personal spending) it should be another down day tomorrow. I'm continuing to buy the oils on these dips, today I bought tso and vlo to average down to 64.83 and 60.25, respectively. Last Friday, bought joyg at 50.60, adsk after their earnings at 38.05, average down on rimm to 69.90, and average down on ebay to 31.30. I've made a grave mistake of buying on option expiration, I should have just waited until today to buy. Will just watch the market and buy more of the oils if it heads lower this week.

Longs Cost Unrealized g/l:

ebay 31.30 -1.5
expe 14.99 -1.15
mrvl 50.7 +2.3
rimm 69.90 -4.25
vlo 60.25 -3.25
tso 64.83 -1.80
sun 69.88 -3.70
adsk 38.05 -1.25
joyg 50.60 +.30

5/18/2006

Knock, knock..you open the door and look out, there is no one there...you close the door and turn around...bam fear is in the house and scare the shit out of you. This is exactly what the market is going through righ now, we are fearful and the fear will build until we have some data to calm us down. I don't like it going into tomorrow's option expiration, which will fuel the fire for the fear. But, I'll continue to average down on my oils and good quality techs. I added more sun to an average of 69.88. We are just in the beginning of the driving season and the gasoline inventory is very low compare to last year. Even though there has been a build in the last 3 week, it is still not at the level compare to last year. Thus, I 'll continue to buy if the oils drop. Will just watch tomorrow due to the option expiration.


Longs Cost Unrealized g/l:

ebay 31.90 -2.4
expe 14.99 -.75
mrvl 50.7 -0
rimm 70.60 -1.4
vlo 61.66 -2.4
tso 66.11 -1.50
sun 69.88 -3.2

5/17/2006

Knock, knock..who's there....fear . Not all the way in yet, but knocking at the door. I don't like it, but I need to average down on my picks to get out before the summer doldrums hits. The oil inventory number wasn't bullish nor bearish, but the market just pulled it down with everyone else. So I added more to my longs on the oil and my techs, which has come down quite hard. Sold all of anf for +2/share after last nights earnings, don't want to hold anymore retailers in an inflation environment. I'm in a wait and see mode right now, since the market is data sensitive the downside should be limited until next week's datas (durable orders, preliminary gdp,personal income/spending) should rock the market.

Longs Cost Unrealized g/l:

ebay 31.90 -2.4
expe 14.99 -.75
mrvl 50.7 -0.4
rimm 70.60 -.50
vlo 61.66 -1.7
tso 66.11 -.50
sun 70.83 -2.6

5/16/2006

Mixed day in the face of a tame ppi number. I thought the market will start its rally today, but I guess they want to wait for tomorrow's cpi and oil inventory. The naz is really taking a hit, stock such as aapl,mrvl, and goog are dropping huge. But, I'll take these as an opportunity to buy. I won't go all in , just a nibble here and there. The market sentiment is still in the cautious state and can dip into the fear level if we don't rally tomorrow. Today, covered all my slb for +2.5/share the same as yesterday, I didn't like how it went down and came to rally all the way back. Tomorrow, just watch and wait and maybe play intu's earning's number in the after hour.


Longs Cost Unrealized g/l:
anf 59.09 +.70
ebay 31.90 -1.70
expe 14.99 -.40
mrvl 52.6 -2.40
rimm 71.10 -.40
vlo 61.66 -0.40
tso 66.62 +1.50
sun 71.80 -.50

Shorts Cost Unrealized g/l:

5/15/2006

The market continues its consolidation phase, but I think it will bounce back tomorrow and Wednesday due to the cpi and ppi numbers. It rally near the end which shows me the buyers showed up to pick up some bargains. Last week, I've covered all my bhi for +2.5/share and bought expe at 14.99 after their disaster earnings which I thought it was over done,however, the market pushed it lower. The oil I thought on Friday was done so I bought vlo at 62.60. But today, I covered half of my slb for +2.5/share, and started a buying frenzy; bought ebay again, cost is now 31.90, vlo at 60 to average down to 61.66, rimm at 71.10, sun at 71.80, tso at 66.62, and mrvl at 52.60. So now I'm back on the refineries and the tech for their run back up.


Longs Cost Unrealized g/l:
anf 59.09 +2
ebay 31.90 -.70
expe 14.99 -.50
mrvl 52.6 -.50
rimm 71.10 -.40
vlo 61.66 -1
tso 66.62 -.50
sun 71.80 -.30

Shorts Cost Unrealized g/l:
slb 68.74 +1.74

5/11/2006

Finally the market is starting to consolidate, but will it hold for tomorrow. All this fear about inflation, energy, and commodity cost is just the market finding excuses to go down. But, I'm not convinced this was an all bail ship situation, I'm still on the fence this market might reach higher highs then it will drop hard. With that thought, I covered aapl for +3/share great run, may get back in as a long tomorrow. Still holding my oil shorts, it will come down slowly because they are definitely too high. Will continued to watch the semis tomorrow.


Longs Cost Unrealized g/l:
anf 59.09 +3
ebay 32.20 -.20

Shorts Cost Unrealized g/l:
slb 68.74 -3
bhi 84.57 -1

5/10/2006

Well well well , the fed has spoken and the oil inventory was released and the market turns flat. It might run up tomorrow and the oil should retreat with the bearish gasoline numbers. It only ran up today because demand was much higher this week than the past 3 week reported by the EIA. But, duh one week growth in demand doesn't mean a trend , so I shorted more of slb to a cost of 68.74. I'm starting to look at the semiconductor for opportunity, they have dropped significantly and deserve a look. Stocks such as klac, mxim, and mrvl are prime for picking and have a great balance sheet.

Longs Cost Unrealized g/l:
anf 59.09 +5
ebay 32.20 +.30

Shorts Cost Unrealized g/l:
slb 68.74 -4.25
bhi 84.57 -2.5
aapl 71 +.40

5/8/2006

Mixed day even though the oil dropped. This market continues to be resilience and I just don't get it. This week the waiting will be on the fomc meeting on Wednesday, but after that what else is there to move the market. Ninety percent of earnings will be out by the end of next week, then the dull bear will appear. Today, was not impressed how bhi came back even in the face of lower oil price. But, I'm ready to short more if it touches 90. I know the oil sector's run up is very close to topping and will start to erode. Bought ebay on Friday at 32.20, it continues to dropped today, but I'm ready to buy more at 30. This stock is amazingly cheap, with no debt, and great investment in skpe and paypal. This week, I'll just wait like everyone else on the fomc and the oil inventory( which will show a build again on gasoline and crude).


Longs Cost Unrealized g/l:
anf 59.09 +6
ebay 32.20 -1

Shorts Cost Unrealized g/l:
slb 67.93 -3
bhi 84.57 -3.30
aapl 71 -.90

5/4/2006

The exuberance continues to move along to the moon. The indices continues to move higher except for the naz, and the gold fever is alive and well. Something will have to give when the majority of earnings will be over in about mid month, then what will be the catalyst to drive this market higher with the crazy volatile energy on your shoulder. The oil service sector continues to be strong even though the oil per barrel has backed down, but I can sense they are slowly breaking down. I've continued to short bhi today, for a cost basis of 84.57 now. Sold all of wfmi for an average gain of +4.5/share and will look forward to shorting it when it hits 73. The big job number will be tomorrow and it might propel the market higher.

Longs Cost Unrealized g/l:
anf 59.09 +4


Shorts Cost Unrealized g/l:
slb 67.93 -3.3
bhi 84.57 -3
aapl 71 -.15

5/3/2006

Mixed market day, a bit surprised it didn't hit higher since the oils retreated. Well the oils are finally coming back in line and the inventory shows it. However, the sanction on Iran is still in all the traders mind, which brought the buyers back a bit. The oils should continue to consolidate until Friday or Monday. Well my wfmi finally announced earning and it was great, but they didn't beat on the top line. I will dump half my positions tomorrow to lock in the profits. Sold vlo after the inventory number for +2.42, it was a good run. Tomorrow will look at the NG inventory and maybe short dvn, the NG number just keeping on going higher and higher.

Longs Cost Unrealized g/l:
wfmi 64.11 -2
anf 59.09 +1


Shorts Cost Unrealized g/l:
slb 67.93 -3.3
bhi 83.77 -2
aapl 71 -.15

5/2/2006

Just getting ready for the oils to consolidate because it is getting ridiculous about all these sanction talk. Have started to short the oil and aapl because it will be a slow summer coming along.

Longs Cost Unrealized g/l:
wfmi 64.11 -2.5
anf 59.09 +2
vlo 62.83 +4


Shorts Cost Unrealized g/l:
slb 67.93 -4
bhi 83.77 -3
aapl 71 -.60